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Sponsored by Lorman Education
Product ID: 407214EAU
 
Credit & Course Provided by:

Legal Entity Management for Paralegals

OnDemand Webinar (91 minutes)

Successfully manage legal entities by learning the essentials of legal entity corporate governance.Paralegals who work in a company's Office of the Corporate Secretary of a corporation that has various types of subsidiary corporations will learn the importance of ensuring the corporate governance for each of the subsidiaries is done properly and in compliance with relevant corporate laws. Focus on corporate governance at the subsidiary level for domestic and foreign legal entities is critical but often neglected. This material will sensitize those who are responsible for subsidiary legal entity corporate governance to the need to attend to the relevant details on a continuous basis.

Authors

Paul Marcela, Governance Partners Group, LLC

Agenda

Different Types of Legal Entities

• Corporations

• Limited Liability Companies

• Partnerships

Governing Documents for Different Types of Legal Entities

Place of Legal Entity Formation

Required Corporate Filings

Initial Organizational Meetings

Selection of Directors and Officers

Dissolution of Subsidiaries

Role of the Subsidiary Board vs. the Role of the Parent Board

• General Principles

• Subsidiary Board Structure

• Subsidiary Board Composition

Risk Management Responsibilities

Minimizing Liability Risks

Protecting the Parent Company's Corporate Veil

Proper Oversight of Subsidiaries

Use of Corporate Governance Service Providers

Use of Technology

Three Models of Subsidiary Governance

The Role of the Corporate Secretary

Focus on Increased Controls